Housing costs in Negaunee?
A typical home costs
$184,600, which is 45.4% less expensive than the national average of
$338,100 and 15.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Negaunee costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 22.2% cheaper than the state average of
$1,100.
Can I afford Negaunee?
To live comfortably in Negaunee, Michigan, a minimum annual income of
$35,280 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Negaunee?
Negaunee, MI is an affordable place to live. According to the most recent data from BestPlaces, the cost of living in Negaunee is 6% lower than the United States average. Housing costs are especially reasonable with the median home price being $114,800 and rental prices averaging around $700 per month. Transportation costs are also relatively inexpensive with monthly public transportation costing $75 and gas prices averaging around $2.20 per gallon. Prices for food and groceries also remain relatively low with a meal for two at a mid-range restaurant costing just under $40 on average. Taking all these factors into consideration, it's evident that Negaunee is an affordable option when it comes to cost of living.